Quicken Loan Rates: Rate Drop Advantage from Quicken Loans

With today’s mortgage rates, many homeowners are refinancing their mortgages to save on monthly payments or pay off their homes faster. However, even though average home loan rates are near record lows, not every lender offers competitive interest rates. That’s why when you are looking for a lender to refinance your mortgage, Quicken Loans rates are very competitive and choosing Quicken Loans will ensure you are guided to the best possible decision to save you money today and tomorrow.

The Quicken Loans Rate Drop Advantage

Quicken Loans wants to help you get the most affordable home loan possible now and still be able to take advantage of any rate drops in the future, which is why they offer the Quicken Loans Rate Drop Advantage. If you refinance now and mortgage interest rates drop further within the next seven years, Quicken Loans will pay for most of your closing costs.

Simply close a loan, and if you decide to refinance again in the next seven years for any reason, Quicken Loans will pay:

  • Appraisal Fee
  • TSI Appraisal Services
  • Credit Report
  • Tax Certification Fee
  • Recording Fees
  • Flood Life of Loan Fee
  • Notary Fees
  • Flood Certification Fee
  • Processing Fees
  • Underwriting Fees

Why Refinance?

Refinancing your current mortgage loan can help you accomplish a number of different goals:

  • Lower your payment
  • Consolidate your debt
  • Get cash from your home
  • Keep your payment from rising
  • Get cash from your investment property

Terms and Conditions

The Quicken Loans Rate Drop Advantage covers all closing costs listed above. Any additional closing costs are the responsibility of the borrower.

You must fully meet credit and underwriting requirements at the time of refinancing to qualify. Additionally, you must close a mortgage loan with Quicken Loans by December 31, 2011. Then, when you refinance that loan by closing a new mortgage loan with Quicken Loans during the time frame that is 90 days after close to 84 months after close, they will pay the closing costs listed above. Offer is valid once per mortgage and with the same property address only. Offer valid on refinance mortgages only.

Save for Your Future

Team member loans not included. Promotion cannot be combined with any other offer.

Restrictions may apply. Equal Housing Lender.

Contact Quicken Loans about refinancing today to get started.

About Quicken Loans

Quicken Loans has been committed to its clients for over 25 years and has financed over one million loans for American families since 1985. In 2010 alone, Quicken Loans funded over $29 billion in loans.

With exclusive technology and unparalleled customer service, it’s easy to see why they’re the #1 online lender and the #5 retail mortgage lender in America. Quicken Loans was ranked “Highest in Customer Satisfaction with Primary Mortgage Origination in the U.S.” by J.D. Power and Associates in 2010. Plus, Quicken Loans also has an “A+” rating from the Better Business Bureau.

This combination of a long history of experience in the industry with superior customer service makes Quicken Loans an obvious top choice when it comes to refinancing a mortgage.

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About the Author

GOBankingRates Staff

These articles are written by the in-house GOBankingRates team.

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